Pinduoduo: annual gross profit 2022

Pinduoduo, a Chinese social e-commerce app featuring group buying deals, achieved a rapid growth from 2016 to 2022. In spite of a gross loss of 73 million yuan in the second year after establishment, the company managed to make a significant profit afterwards with a ten times surge between 2017 and 2018. The online group discounter went public on the Nasdaq in July 2018 and was ranked as the third in the leading e-commerce retailers in China. In 2022, Pinduoduo generated a gross profit of around 99.1 billion yuan.

Annual gross profit of Pinduoduo Inc. from 2016 to 2022 (in million yuan)

Characteristic	Gross profit in million yuan
-	-
-	-
-	-
-	-
-	-
-	-
-	-

Download

Source

Show detailed source information?

Already a member?

Source

Use Ask Statista Research Service

Release date

April 2023

More information

Region

China

Survey time period

2016 to 2022

Special properties

fiscal year ending December 31

Supplementary notes

One yuan equals approximately 0.14 U.S. dollars and 0.13 euros (as of July 2023).

Values have been rounded.

Figures from earlier years were taken from a previous publication.

Citation formats